Grayscale has included a list of top 20 altcoins to outperform in Q4 this year, adding new assets including SUI, TAO, OP, HNT, CELO, and UMA.
World’s largest digital asset manager Grayscale recently shared the list of the top 20 altcoins that it believes could outperform during the expected Q4 crypto market rally. Following its quarterly rebalancing process in September, the Grayscale Research team identified the key themes by scanning several hundred cryptocurrencies in the market.
These themes include the tokenization of traditional assets, the rise of decentralized AI platforms, along the sustained popularity of meme coins. In its research report, Grayscale noted:
“The Top 20 represents a diversified set of assets across Crypto Sectors that, in our view, have high potential over the coming quarter (Exhibit 4). Our approach incorporates a range of factors, including network growth/adoption, upcoming catalysts, sustainability of fundamentals, token valuation, token supply inflation, and potential tail risks.”
Some of its top picks for a strong Q4 rally are very obvious such as Bitcoin BTC $67 558 24h volatility: 0.7% Market cap: $1.35 T Vol. 24h: $39.37 B . It also includes other top altcoins like Ethereum ETH $1 993 24h volatility: 1.0% Market cap: $240.41 B Vol. 24h: $21.83 B , Solana SOL $84.85 24h volatility: 0.2% Market cap: $48.21 B Vol. 24h: $3.38 B , Toncoin TON $1.43 24h volatility: 1.5% Market cap: $3.50 B Vol. 24h: $75.75 M , Chainlink LINK $8.85 24h volatility: 0.9% Market cap: $6.27 B Vol. 24h: $255.49 M , etc. Interestingly, Grayscale ignores two top altcoins like Ripple’s XRP XRP $1.48 24h volatility: 0.5% Market cap: $90.05 B Vol. 24h: $2.30 B and Cardano’s ADA ADA $0.28 24h volatility: 0.0% Market cap: $10.38 B Vol. 24h: $358.60 M . Despite the positive developments in the Ripple vs SEC lawsuit, XRP misses a spot in Grayscale’s top 20 cryptocurrencies.
Grayscale Promotes Some Lesser-Known Altcoins
A new entrant to the Grayscale list is Sui, a blockchain that has recently gained popularity for its transaction speed surging by 80% and surpassing that of Solana. Another one on the list is Bittensor, known for the confluence of crypto and AI,
Bittensor aims to promote the growth of its global, open AI system, thereby showcasing the enhancements in its market structure, particularly involving liquidity and pricing sources.
Grayscale has also included Ethereum Layer 2 scaling platform Optimism in its list. Optimism has gained much popularity for its “Superchain” framework, adopted by other popular projects like Coinbase’s Layer 2 solution.
Some of the other altcoins making it to the Grayscale list are Helium HNT $1.42 24h volatility: 1.8% Market cap: $264.78 M Vol. 24h: $16.08 M , Celo CELO $0.0830 24h volatility: 1.2% Market cap: $49.35 M Vol. 24h: $5.71 M , and UMA Protocol UMA $0.53 24h volatility: 4.9% Market cap: $48.08 M Vol. 24h: $17.57 M .
Helium specializes in decentralized physical infrastructure networks (DePIN) and has built efficient resource-allocation models for wireless network coverage. It has secured a prominent market position with more than one million hotspots and generating network fee revenues.
On the other hand, the mobile-first Celo blockchain is transitioning to an Ethereum Layer 2 network. This network puts a strong emphasis on stablecoins and payment solutions. Its growing adoption in developing countries, particularly in Africa, has been accelerated by the Opera Browser’s MiniPay app. Celo has also surpassed Tron in daily stablecoin transactions.
Completing the list of new entrants is UMA Protocol, highlighting the essential role of oracles in the predictive market space within blockchain. By supporting Polymarket, a leading prediction market platform, UMA ensures transparent and decentralized resolution of market outcomes.
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